This is a follow up analysis on a stock we have been watching during this week: Supervalu.Inc (SVU).
As of today, some investors are closing positions in preparation of the earning release that is scheduled for Tuesday July 27.
The 8 exponential moving average is not longer holding support, which might point to price moving lower next week, especially if on Monday price opens below today's close.
One positive sign: Volume is low compared to the average traded shares during the past 12 months.
Watch this video for some technical insights.
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